Smithville Market Recap: Sales Up, Prices Steady in Six Months

Smithville saw a notable shift in activity over the past six months as closed sales climbed from 37 to 52 homes while median prices held steady at $320,000. This rolling window analysis covers the period ending September 30, 2026, providing a clearer picture of market momentum than single-month snapshots. ALEX Intelligence analyzed the data to show that while price stability remains a key feature, buyer patience has increased significantly. The median days on market rose by 1.3% compared to the prior six-month period and jumped 73.9% compared to the same window last year, reaching 80 days. This extended timeline suggests a shift toward a more balanced environment where homes take longer to find buyers. Price per square foot also saw movement, rising 7.7% from the prior period to $209, though this remains 3.2% below the same window last year. The share of homes selling below original list price ticked up to 84.6%, indicating that negotiation power has shifted slightly toward buyers. Despite these changes, the median close-to-original list ratio improved by 4.1% compared to the prior period, suggesting that while more deals fall below asking, the final negotiated prices are holding their ground relative to initial expectations. New construction activity remained consistent with 9 closed sales in both the current and prior six-month windows. With 70 active listings currently on the market, inventory levels appear sufficient to meet demand without the urgency seen in previous years. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog